Current:Home > reviewsToyota to invest $922 million to build a new paint facility at its Kentucky complex -Wealth Evolution Experts
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-12 03:32:43
GEORGETOWN, Ky. (AP) — Toyota said Thursday it will build a new paint facility as part of a $922 million investment at its factory complex in Georgetown, Kentucky, making it the second big addition announced this year at the automaker’s largest global manufacturing plant.
In February, the company said it would invest $1.3 billionat its Kentucky complex, in part so it can build an all-new three-row electric SUV to be sold in the U.S.
Neither project will add any new jobs at the facility, which now employs about 10,000 workers. However, the investments reinforce Toyota’s commitment to long-term job stability, the company said.
The new paint facility, scheduled to open in 2027, will add 1 million square feet of capacity while decreasing carbon emissions by 30% and water usage by 1.5 million gallons per year, Toyota said.
It will enable the company to offer more diverse color options for its vehicles, the company said.
“Toyota’s commitment to advanced paint technologies goes beyond aesthetics,” said Kerry Creech, president of Toyota Kentucky. “It encompasses efficiency, sustainability and quality, leading the industry in environmentally responsible manufacturing.”
The project also will increase flexibility for future vehicle production and advances Toyota’s goal to achieve zero carbon emissions by 2050, the automaker said.
Toyota’s investment in the Bluegrass State has surpassed $11 billion since breaking ground at the central Kentucky site in 1986. Georgetown is 16 miles (26 kilometers) north of Lexington, Kentucky.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
veryGood! (388)
Related
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- 11 hurt after late-night gunfire breaks out in Savannah, Georgia
- What are adaptogens? Why these wellness drinks are on the rise.
- No body cam footage of Scottie Scheffler's arrest, Louisville mayor says
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Last pandas in the U.S. have a timetable to fly back to China
- The Senate filibuster is a hurdle to any national abortion bill. Democrats are campaigning on it
- Target Drops New Collection With Content Creator Jeneé Naylor Full of Summer Styles & More Cute Finds
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Sean Lowe Reveals This Is the Key to His and Catherine Giudici's 10-Year Marriage
Ranking
- All That You Wanted to Know About She’s All That
- Seize the Grey crosses finish line first at Preakness Stakes, ending Mystik Dan's run for Triple Crown
- 3 dead, including 6-year-old boy, after Amtrak train hits pickup truck in New York
- Bernie Sanders to deliver University of New England graduation speech: How to watch
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- 'Stax' doc looks at extraordinary music studio that fell to financial and racial struggles
- Move over pickle ball. A new type of 'rez ball' for seniors is taking Indian Country by storm
- 6 people injured, hospitalized after weekend shooting on Chicago’s West Side
Recommendation
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
Harrison Butker decries diversity, but he can thank Black QB Patrick Mahomes for his fame
Michael Cohen to face more grilling as Trump’s hush money trial enters its final stretch
How compassion, not just free tuition, helped one Ohio student achieve his college dreams
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
Timeline of the Assange legal saga over extradition to the US on espionage charges
Stock market today: Asian stocks advance after Wall Street closes out another winning week
As PGA Championship nears enthralling finish, low scores are running rampant at Valhalla